Johnson & Johnson is considering shelling out more than $3 billion to settle lawsuits related to a faulty all-metal hip replacement system. The payout is about 50 percent higher than the company proposed in previous discussions, and would resolve as many as 11,500 lawsuits in the United States, at more than $300,000 per case. If accepted, the settlement would be the largest involving artificial hips. The lawsuits allege that the metal-on-metal ASR hip replacement system, made by Johnson & Johnson subsidiary DePuy Orthopaedics, was defectively designed, which caused the devices to fail at a higher than expected rate. Thousands of patients ... Read More
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